The Arab Monetary Fund (AMF) publishes a guidance note “Central Bank Digital Currencies: A Practical Guide for Arab Central Banks"
Increasing interest in retail CBDC within the Arab region
Defining CBDCs in law, clearly specifying CBDC legal tender status, assigning CBDC as cash finality, are all major legal challenges
The Arab Monetary Fund (AMF) issued today Monday, 21 February 2022, a guide titled “Central Bank Digital Currencies: A Practical Guide for Arab Central Banks”, produced by members of the Arab Regional Fintech Working Group (WG). The guide is issued under the framework of the Fund's endeavours to support Arab central banks in their journey exploring CBDCs that matches best for each jurisdiction, and are well suited for the central bank objectives, available resources, targeted implications, taking into consideration country-specific conditions, infrastructure and as well as respective legal and regulatory frameworks.
The Arab Monetary Fund (AMF) holds a virtual workshop to share recent updates on Buna instant payment pricing, network expansion, and risk management framework
The workshop is hosting speakers from the central bank of Tunisia and UnionPay
Abu Dhabi, 17 February 2022: The Arab Monetary Fund (AMF) holds today, Thursday, February 17, 2022, a workshop to elaborate on the recent developments related to Buna (the cross-border payment system owned by the AMF).
At the occasion of this workshop, Buna will announce the pricing of its cross-border new instant payment services (IPS) in response to the demand of its users for an approach tailored for low to mid-value payments and incentivizing the usage of instant payment at cross-border level.
Arab Monetary Fund and UNDP Report: Arab Pension Funds at Beginning Stages of Alignment with Environmental, Social, Governance and Sustainable Development
Progress needed if funds to achieve potential to support the achievement of the Sustainable Development Goals
Abu Dhabi and Amman, 8 February 2022 - Pension Funds in the Arab Region have begun to take steps towards integrating environmental, social, governance and sustainable development issues into investment decisions, finds a new report by the Arab Monetary Fund and the United Nations Development Programme, however much more progress needs to be made if pensions funds are to achieve their potential to support the attainment of the Sustainable Development Goals.